Czech Republic Residence Permit Renewal Income Increase 2023

To align with the rise in consumer prices, the Czech government is once again updating the living expense standards. Therefore, those who need to renew their residence permit after January 1, 2023, will need to account for an increase in the income amount required for renewal.

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Czech Government Raises Living Expense Standards: Impact on Residence Permit Renewal

 

For the fourth time this year, the Czech government is updating the living expense standards due to a sharp rise in inflation, which increased from 2.2% to 9.9% as of July 1, and by September 12, 2022, had reached 17.2%.

This means that for those needing to renew their residence permit after October 1, 2022, they will need to consider that the income amount required for renewal will increase.

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Living Costs for Czech Residence Permit Extensions 2022

Minimum Subsistence and Living Expenses for Residence Permit Extensions from April 1, 2022

On March 30, the Czech government revised the living expense standards, effective from April 1, 2022. This means that for those needing to renew their residence permit after April 1, 2022, the required income amount will increase.

For example, a single adult living in a rented apartment in Prague: — In 2022, an income of 12,861 CZK (net) will be required for renewal.

Below are the detailed standards:

  1. Minimum Subsistence Amounts (in CZK, per month):

    • For one person — 4,250 CZK

    • For the first adult family member — 3,910 CZK

    • For the second and each subsequent adult family member — 3,530 CZK

    • For a dependent child aged:

      • Under 6 years — 2,170 CZK

      • From 6 to 15 years — 2,670 CZK

      • From 15 to 26 years — 3,050 CZK

  2. Living Expense Standards by Population Size:

Number of People in Family

Prague

Over 100,000 Residents

50,000 – 99,999 Residents

10,000 – 49,999 Residents

Under 9,999 Residents

1

10,121 CZK

       

2

13,629 CZK

       

3

18,312 CZK

       

4 or more

22,495 CZK

       
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Minimum Subsistence and Living Expenses for Residence Permit Renewal in 2022

Minimum Subsistence and Living Expenses for Residence Permit Renewal in 2022

On December 13, 2021, the Czech government revised the living expense standards for 2022. This means that for those renewing their residence permits in 2022, the required income amount will increase.

For example, a single adult living in a rented apartment in Prague: — In 2022, an income of 12,861 CZK (net) will be required for renewal.

Below are the detailed standards:

  1. Minimum Subsistence Amounts (in CZK, per month):

    • For one person — 3,860 CZK

    • For the first adult family member — 3,550 CZK

    • For the second and each subsequent adult family member — 3,200 CZK

    • For a dependent child aged:

      • Under 6 years — 1,970 CZK

      • From 6 to 15 years — 2,420 CZK

      • From 15 to 26 years — 2,770 CZK

  2. Living Expense Standards by Population Size:

Number of People in Family

Prague

Over 100,000 Residents

50,000 – 99,999 Residents

10,000 – 49,999 Residents

Under 9,999 Residents

1

9,001 CZK

7,151 CZK

6,815 CZK

5,809 CZK

5,626 CZK

2

12,499 CZK

9,967 CZK

9,507 CZK

8,131 CZK

7,880 CZK

3

16,705 CZK

13,393 CZK

12,792 CZK

10,992 CZK

10,664 CZK

4 or more

20,521 CZK

16,528 CZK

15,803 CZK

13,632 CZK

13,237 CZK

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Minimum Subsistence and Living Expenses for Residence Permit Renewal in 2021

Вслед за решением правительство Чехии от 16 декабря 2019  № 349/2019, об изменении нормативов расходов на проживание для 2020 года, с 1 апреля 2020 года было принято решение о повышении нормативов на прожиточный минимум.

Что означает для тех, кому в 2020 году предстоит продлевать себе разрешение на пребывание, что сумма доходов, которую необходимо будет «показать для продления», увеличится.

Например, для продления холостого взрослого человека, проживающего в Праге в арендованной квартире:
– в 2020 году будет достаточно 12 437 крон (чистыми / на руки).

Далее подробно перечислены сами нормативы.

1. суммы прожиточного минимума (в кронах, ежемесячно):    
на одного человека – 3 860,-Kč,    
на первого взрослого члена семьи – 3 550,-Kč,    
на второго и каждого последующего взрослого члена семьи – 3 200,-Kč,    
на ребенка на иждивении в возрасте:        
до 6 лет – 1 970,-Kč,        
от 6 до 15 лет – 2 420,-Kč,        
от 15 до 26 лет – 2 770,-Kč.

2.   Нормативы расходов на проживание Вслед за решением

Количество человек в семье Прага свыше 100 тыс. жителей 50 000 — 99 999 жителей 10 000 — 49 999 жителей до 9 999 жителей
1 8577 6821 6502 5548 5374
2 11929 9525 9089 7783 7545
3 15953 12810 12239 10531 10220
4 и более 19617 15827 15138 13079 12703

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Minimum Subsistence and Living Expenses for Residence Permit Renewal in 2020

Minimum Subsistence and Living Expenses for Residence Permit Renewal in 2020

Following the decision of the Czech government on December 16, 2019, No. 349/2019, to change the living expense standards for 2020, a decision was made to increase the minimum subsistence levels starting from April 1, 2020.

For example, a single adult living in a rented apartment in Prague:

  • In 2020, an income of 12,437 CZK (net) will be sufficient for renewal.

This means that for those renewing their residence permits in 2020, the required income amount will increase.

Below are the detailed standards:

  1. Minimum Subsistence Amounts (in CZK, per month):
    • For one person — 3,860 CZK
    • For the first adult family member — 3,550 CZK
    • For the second and each subsequent adult family member — 3,200 CZK
    • For a dependent child aged:
      • Under 6 years — 1,970 CZK
      • From 6 to 15 years — 2,420 CZK
      • From 15 to 26 years — 2,770 CZK
  2. Living Expense Standards by Population Size:
Number of People in FamilyPragueOver 100,000 Residents50,000 – 99,999 Residents10,000 – 49,999 ResidentsUnder 9,999 Residents
18,577 CZK6,821 CZK6,502 CZK5,548 CZK5,374 CZK
211,929 CZK9,525 CZK9,089 CZK7,783 CZK7,545 CZK
315,953 CZK12,810 CZK12,239 CZK10,531 CZK10,220 CZK
4 or more19,617 CZK15,827 CZK15,138 CZK13,079 CZK12,703 CZK

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Minimum Subsistence and Living Expenses for Residence Permit Renewal in 2018

 On November 29, 2017, the Czech government passed decision No. 407/2017 Sb., modifying the living expense standards for 2018.

For those renewing their residence permits in 2017, this decision means that the required income amount to present for the renewal process will increase.

For example, for the renewal of a single adult living in a rented apartment in Prague:

  • In 2013, a net income of 10,899 CZK was sufficient.
  • In 2014, a net income of 11,121 CZK was required.
  • In 2015, a net income of 11,033 CZK was sufficient.
  • In 2016, a net income of 11,141 CZK was required.
  • In 2017, a net income of 11,130 CZK was sufficient.
  • In 2018, a net income of 11,280 CZK will be required.

Detailed Norms

  1. Minimum Subsistence Amounts (unchanged and in CZK, per month):
    • For one person — 3,410 CZK
    • For the first adult family member — 3,140 CZK
    • For the second and each subsequent adult family member — 2,830 CZK
    • For a dependent child aged:
      • Under 6 years — 1,740 CZK
      • From 6 to 15 years — 2,140 CZK
      • From 15 to 26 years — 2,450 CZK
  2. Living Expense Standards (reduced, in CZK, per month):
    These standards apply to apartments rented under lease agreements from January 1, 2017, to December 31, 2017.
Number of people in the family Location Prague Over 100,000 residents 50,000 – 99,999 residents 10,000 – 49,999 residents Up to 9,999 residents
1 7,870 CZK 6,227 CZK 5,928 CZK 5,036 CZK 4,844 CZK
2 11,186 CZK 8,938 CZK 8,530 CZK 7,308 CZK 7,046 CZK
3 15,116 CZK 12,176 CZK 11,642 CZK 10,045 CZK 9,702 CZK
4 or more 18,827 CZK 15,282 CZK 14,639 CZK 12,712 CZK 12,299 CZK

(more…)

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Prices for Accounting Services

  • List of Services:

Setting up, managing and restoring accounting records

Type of service
Price
Monthly advance payments are based on the previous year’s total accounting service fees, divided into 12 monthly installments.

If unavailable, the minimum monthly advance is 200 EUR.

In the case of company inactivity, the monthly fee will be 80% of the previous period’s payments.

After the period ends, the total amount is calculated based on the number of transactions and includes annual fees for:

  •  Office supplies
  •  Preparing the annual report
  •  Conducting inventories
  •  Filing documents with the trade court (sbírka listin)
  •  Preparing the annual tax declaration.

The final payment is calculated by subtracting advance payments from the total amount.

From 2 650 EUR per year
List of Actions and Documents Prepared at the End of the Reporting Period:

  • Opening of accounting records (otevření účetních knih)
  • Preparation of the annual report (zpracování roční uzávěrky)
  • Corporate income tax declaration (přiznání k dani z příjmů právnických osob)
  • Inventory checks (provádění inventarizace)
  • Submission of documents to the trade court registry (sbírka listin)

Documents:

• Liability book as of 31.12 (Kniha závazků ke dni 31.12)
• Inventory of liabilities as of 31.12 (Inventarizace závazků ke dni 31.12)
• Inventory of foreign currency liabilities (Inventarizace závazků v cizí měně)
• Inventory of assets and liabilities (Inventarizace Závazky\ Pohledávky)
• Receivables book as of 31.12 (Kniha pohledávek ke dni 31.12)
• Foreign currency receivables as of 31.12 (Kniha pohledávek v cizí měně ke 31.12)
• Internal document book (Kniha interních dokladů)
• Bank account balances as of 31.12 (Stav bankovních účtů ke dni 31.12)
• Bank document book (Kniha bankovních dokladů)
• Invoice summary (Soupis faktur)
• Received advance invoices (Přijaté Zálohové Faktury)
• Issued advance invoices (Vydané Zálohové Faktury)
• Cash expenses (Pokladna výdaje)
• Cash balance as of 31.12 (Stav pokladen ke dni 31.12)
• Cash income (Pokladna příjmy)
• Cash register book (Pokladní kniha)
• Cash inventory (Inventarizace pokladny)
• Internal documents (Vnitřní doklady)
• List of serial numbers (Seznam číselných řad)
• Cash flow statement (Cash flow)
• Trial balance analytically (Obratová předvaha analyticky)
• Profit and loss statement analytically (Výsledovka analyticky)
• Movement on accounts (with documents) (Pohyb na účtech (dokladově))
• Closing operations (Závěreční operaci)
• Chart of accounts (Účtová osnova)
• General ledger (Hlavní kniha)
• Accounting journal (Účetní deník)
• Asset records (Majetek)
• Fixed asset cards (Karta dlouhodobého majetku)
• Small assets (Drobný Majetek)
• Leased assets (Leasingový Majetek)
• Travel orders (Cestovní příkazy)
• Contract list (Soupis smluv)

Tax declarations:
• Income tax declaration (Daň z přijmu)
• Road tax (daň silniční)
• Real estate tax (daň z nemovitosti)

Financial statements:
• Income statement (Výkaz zisku a ztráty)
• Balance sheet (Rozvaha)
• Notes to financial statements (Příloha)

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     Accounting

Type of service Price
Accounting (price per transaction) 40 CZK per transaction

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    Preparing Tax Returns (daňové přiznání)

Type of service Price
Preparing the annual report (roční uzávěrka) with necessary attachments: 810 CZK
Preparing and filing a corporate tax return (přiznání k dani z příjmů právnických osob) from 3 200 CZK
Filing a real estate tax return (přiznání k dani z nemovitostí): 1,145 CZK per property
Filing a vehicle tax return (přiznání k dani silniční): 1,000 CZK per vehicle

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    Payroll Calculation and HR Management

Type of service Price
Payroll calculation and HR management: 565 CZK per month per employee

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    Additional Accounting and HR Services

Type of service Price
Registering one employee with the social security office (správa sociálního zabezpečení):

1 400 CZK

Registering with the health insurance office (zdravotní pojištění): 1 400 CZK
Handling employee hiring and dismissal paperwork: 565 CZK
Drafting employment, service, and contract agreements: 820 CZK
Preparing an annual income tax return for individuals with multiple income sources or exceeding 48x average wages (přiznání k dani z příjmů fyzických osob): From 2 450 CZK
Representing clients during inspections by social security or health insurance offices:

1 635 CZK

(plus 645 CZK for each additional hour)

Preparing and electronically submitting documents to the trade registry (sbírka listin): 700 CZK
Accounting consultations 125 EUR per hour

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Payroll Calculation and Personnel Record Management

specializes in providing comprehensive payroll management and personnel record-keeping services for businesses registered in the Czech Republic, with a workforce of up to 25 employees.

     Our payroll and HR management services include:

  • Calculating compensation for regular employees, company founders, or contractors;
  • Maintaining attendance records (docházka);
  • Managing sick leave payments (nemocenské);
  • Preparing and submitting monthly reports (přehled) to the Pension Fund (PSSZ/ČSSZ) and Health Insurance Fund (zdravotní pojištění), typically VZP;
  • Maintaining the company’s register of founders (seznam společníků);
  • Keeping an accident logbook (kniha úrazu);
  • Managing payroll statements (výplatní list, mzdový listy);
  • Tracking pension insurance records (evidenční list důchodového pojištění).

Price

Разрешение на работу (povolení k zaměstnání)

    Additional Services:

  • Registration with the Social Security Office (správa sociálního zabezpečení);
  • Registration with health insurance providers (zdravotní pojištění);
  • Handling documentation for employee hiring and termination;
  • Drafting employment contracts, work agreements, and service contracts;
  • Preparing annual income tax returns for individuals (přiznání k dani z příjmů fyzických osob);
  • Representing clients in dealings with social security and health insurance authorities during audits;
  • Consulting on the creation of a vehicle logbook (kniha jízd);
  • Preparing and submitting documents electronically to the Commercial Register (sbírka listin).
VOLEN CZ takes a personalized approach to each client.
The cost of our accounting services depends on the nature of your business, the volume of documents, and the complexity of transactions.
Prices are determined individually after a personal consultation.

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Pricing Information

Preliminary pricing for our services can be found on the Our Prices page.

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Accounting Services

      

VOLEN CZ, s.r.o. specializes in bookkeeping and payroll services for commercial organizations registered in the Czech Republic, specifically with the legal form of s.r.o. (limited liability company).

        VOLEN CZ’s Range of Accounting Services:

     Setting up Accounting Systems

This service package includes:
  • A review of the current accounting system in compliance with Czech legislation;
  • Development of a chart of accounts for both synthetic and analytical accounting;
  • Creation of an accounting and tax policy framework.
To prepare a zero balance report, we will require the following documents:
  • A copy of the company’s registration in the Commercial Register (výpis z obchodního rejstříku);
  • Certificate of tax registration (osvědčení o registraci) from the financial authorities (finanční úřad);
  • Bank statements for the reporting period (výpis z banky);
  • Previous year’s financial statements (if the company has been registered for over a year).

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          Accounting Services

Our accounting services include:
  • Sorting and processing of primary documentation;
  • Analyzing and reviewing documents to ensure compliance with Czech legislation;
  • Verification of the correctness of accounting entries;
  • Maintaining accounting records using POHODA software;
  • Preparation of financial statements (hlavní kniha, účetní deník, rozvaha, výsledovka) in accordance with Czech regulations.
Documents required to begin accounting services:
  • Copies of founding documents;
  • Certificate of registration with the financial authorities (finanční úřad);
  • Previous year’s financial statements, including:
    • General ledger (hlavní kniha);
    • Accounting journal (účetní deník);
    • Balance sheet (rozvaha);
    • Profit and loss statement (výsledovka);
    • Bank statements for the reporting period;
    • Cash receipts (incoming, outgoing);
    • Issued and received invoices;
    • Contracts (smlouvy) related to company activities (e.g., sales, service provision).

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          Tax Return Preparation (daňové přiznání)

We assist with:
  • Preparing and filing road tax returns (přiznání k dani silniční);
  • Filing property tax returns (přiznání k dani z nemovitostí);
  • Declaring corporate income (přiznání k dani z příjmů právnických osob).
Additionally, we offer:
  • Consultations and assistance in maintaining vehicle logbooks (kniha jízd);
  • Preparation of required documents in electronic form for submission to the Commercial Register (sbírka listin).

      Other Services

At VOLEN CZ, s.r.o., we take an individualized approach to each client. The cost of our accounting services depends on your company’s business activity, the volume of documents, and the complexity of transactions. Prices are determined after a personal consultation.

Back to top     Our prices

       Pricing

Preliminary pricing details can be found on our  Our Prices

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